Due to the higher market capitalization of DEX platforms, do you think, the cost to build a DEX platform will be expensive? But, the answer is NO. Among various crypto business models, building a decentralized exchange is affordable. If you are not yet sure about the cost details, then this blog is for you. Before knowing the cost to build DEX, let’s have a look at why to choose DEX platform development as a crypto business idea.
Crypto users choose DEX platforms because they allow users to trade cryptocurrencies without much KYC restrictions. The centralized trading exchanges comprise a lot of KYC procedures and lengthy processes to trade cryptocurrencies. These reasons played a major role in the need for DEX exchange. So we have come up with complete guidance regarding the cost to build DEX and its influencing factors.
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How much does it Cost to Build a DEX like Pancakeswap?
The average cost to build a DEX like Pancakeswap ranges between $15,000 to $45,000 based on essential customizations and feature integration. Apart from that, various factors impact the cost to build a DEX exchange platform. In the next part, we have enlisted some of the factors that influence the cost to build a DEX exchange.
Also Read: How does PancakeSwap Make Money? Profitable Revenue Streams
Factors Influence the Cost to Build a DEX like Pancakeswap
The major reasons that impact the cost to build DEX platforms are,
Project Complexity
Even though you want to build a DEX like Pancaksewap, as per your business and marketing needs, you tend to add additional features and plugins. As much as more features are included, cost can differ simultaneously. The approximate cost to build a DEX will range between $4,500 to $5,000 to integrate some of your choice of features, and plugins. The DEX platform Pancakeswap already has various features like staking, swapping, and yield farming for ROI generation. But you can also add other features as per your business specifications.
Other than these, wallet integration, smart contract development, solidity language, blockchain to be selected and new native tokens also influence the cost to build DEX like Pancakeswap.
Security Features
Security features for the DEX platform must be provided properly to avoid any scams and hacks. To protect the respective platform from fraudulent activities you need to implement strong security features like SSL protection, immutable smart contract, advanced Decryption, and SSL encryption. For this, you are expected to pay an amount of $1,500 to $2,500 for additional security protocols. Collaborate with your developer team to enhance the security features for higher protection.
Technology Stack
The primary need to develop a DEX project is the Technology stack. It comprises platform compatibility, U1/UX design, API Integration, and Tools. The average cost of utilizing a tech stack and technology resources may range from $2,200 to $3,500.
- Platform compatibility -It is nothing but in which forms you are going to provide your marketplace. You can create your DEX platform that is compatible with Linux, iOS, and Android versions.
- API integration – This is responsible for the seamless execution of your DEX. API integration is an essential need to launch your DEX platform without any hassles.
- Store-front Tools – Various front-end and back-end tools are used to build a DEX like Pancakeswap.
- UI/UX Design – The user-friendly dashboard is an important factor that grabs the attention of users. Hence, you must give enough importance to developing an attractive and enriched user dashboard.
Development Company
When you tend to develop your DEX like Pancakeswap, you need to approach a Decentralized Exchange Development Company that has an intelligent set of developers with experience.
Based on the number of experts, crypto developers, and business analysts, the cost to build DEX will be determined. The size of the developer team also plays a crucial role in cost estimation.
Testing and Ongoing Maintenance
Once the pre-development process ends, you must go with the testing process. The DEX marketplace undergoes a testing and debugging process to rectify and solve errors and bugs. This helps in the execution of the platform without any hassles. After the successful launch of the DEX platform, the development company provides you with ongoing support and maintenance. Half of your cost will go for testing and quality assurance processes. So, the cost will range up to $2,300 to $3,500.
Ongoing Support includes bug fixing, adding the latest version of the OS, upgrading third-party services, and code optimization. These services include additional cost to build a DEX like pancakeswap.
Development Method
The primary cost-deciding factor is the development method. Here, two different methods are employed to launch a DEX platform.
Creating from scratch
When you decide to launch your DEX from scratch method, you have to develop your DEX from the beginning. That means you are the one to decide the UI/UX design, technology stack, and others. This is a tiring method where it takes around 10 to 12 months for the completion of your project. Also, it nearly costs around $80,000 to $1,00,000 which is way too expensive for startups. So, it is better to choose a white-label Decentralized exchange software for an enhanced DEX platform development.
Adopting a White label Software
Due to these reasons, it is better to adopt the White-label software of the Pancakeswap DEX platform. The white-label software is a pre-designed and multi-tested solution replicating the features, functionalities, and plugins of the Pancakeswap DEX platform.
By adopting the Pancakeswap clone app, you can launch your DEX which will be similar to Pancakeswap. Even with exponential features and plugins, the approximate cost will be up to $25,000 and does not go beyond that.
Here, you will have a question…
Why White-Label is the best to Build DEX like Pancakeswap for Startups?
Behind choosing a White-label software, various reasons benefit you and your crypto business. At the end of this context, you will surely realize the beneficiary streams of white-label software.
Lesser Investment, Higher Returns
While compared to development from scratch, adopting a clone app is a cost-effective solution. The white-label software with the features of Pancakeswap will cost around $15,000 to $45,000. By investing less, you can reap higher profits from various revenue-generating streams.
Instantaneous solution
As experts have already developed the white-label solution, you are not expected to waste your precious time. Within 2 to 3 weeks, you can deploy your DEX platform similar to PancakeSwap in the crypto world. This helps you to concentrate on deployment and marketing-related work.
Zero chance of Failure
A pool of experienced developers has already designed the white-label clone app and they are tested multiple times. Therefore, the chances of risk in launching a DEX like PancakeSwap are zero. Without any doubts or hesitations, you can deploy your DEX marketplace.
Optimizable
The primary benefit that is acquired by the clone software is, that it can be customized as per our needs. You can optimize the logo, design, and admin/user dashboard.
Here you can ask, Am I able to add any features other than Pancakeswap’s features? Of course, your clone software will have the default features of Pancakeswap, no doubt. Additionally, you can also add your features, and security features as per your business specifications.
Global Reach
By adopting a clone software of the existing DEX, users are more familiar with the UI and UX design. This boosts more users to trust your DEX and paves the way for huge revenue generation.
These are the reasons that prove White-label software is the ideal and cost-effective solution for startups launching a DEX platform. Due to these, budding startups and entrepreneurs prefer to choose a Pancakeswap clone app to launch a DEX like Pancakeswap.
If you too want to develop your DEX similarly to Pancakeswap, then without any hesitation…
Cost to Create a Safe and Secured DEX Like Pancakeswap
Cost-effective, White-Label Solution, Premium Features, Customizable. Live Demo Available.
Choose Coinsclone to launch DEX like Pancakeswap
Coinsclone is the leading Decentralized Exchange Development company that offers you the potential Pancakeswap clone app with exponential features. Even though there are many clone app providers, we are here with a skilled set of developers and an expert team. We have completed around 100 more crypto projects with client satisfaction.
Along with the clone app solution, we provide 24*7 support and maintenance for your crypto project to resolve disputes. So, keep your worries aside and join hands with our expert team to initiate your Decentralized platform and stand out from the usual one.